caugfour

Heart beat of the market - Volume

NYMEX:CL1!   Light Crude Oil Futures
Was reminded today about the volume indicator, and thought this was in interesting pattern in Oil. The price very much likes to be range bound and channel sideways during the low volume periods, offering opportunity to trade as it breaks out up or down. The 30 min chart on Oil really shows the volume spikes early-mid day and they look alot like a heart monitor to me... Have fun folks! Do your research, trade at your own risk. :) Please feel free to comment, always open for discussion!

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